264 MODEL RULES FOR A BENEVOLENT SOCIETY. 
mittee or general meeting shall direct; namely, in any 
savings bank certified under the Act of 1863, or Post Office 
Savings Bank, in the public funds, or with the Commis 
sioners for the Reduction of the National Debt, or upon 
government or real securities in Great Britain or Ire 
land (a) 
or in the purchase of land as after mentioned, or in 
the erection or alteration of offices or other buildings 
thereon. 
2. The committee of management, with the consent of a. 
special meeting of the society called for the purpose, may 
purchase or take on lease in the names of the trustees any 
land in the county where the society’s registered office is 
situate [or in any other county where it has an office] not 
exceeding one acre in the whole, and may sell, exchange, 
mortgage, lease, or build upon the same (with power to 
alter and pull down buildings and again rebuild), and no 
purchaser, assignee, mortgagee, or tenant shall be bound 
to inquire as to the authority for any sale, exchange, mort 
gage, or lease by the trustees, and the receipt by the trustees 
shall be a discharge for any moneys arising from or in con 
nexion with such sale, exchange, mortgage, or lease. 
3. Mortgages or other assurances for securing money to 
the society may be vacated by a receipt indorsed, signed 
by the trustees, and countersigned by the secretary, in the 
form contained in the third schedule to the Friendly 
Societies Act, 1875 [or if a special form be provided, in the 
form herein specified, or in the form specified in the schedule 
to these rules]. 
XIII.—Disputes. 
1. If any dispute shall arise between a member, or person 
claiming through a member, or under the rules of the so 
ciety, and the society, or any officer thereof, it shall be 
referred to arbitration. 
2. At the second meeting of the society after the registry 
of the same, five arbitrators shall be elected, none of them 
being directly or indirectly interested in the funds of the 
society ; and in each case of dispute the names of the arbi 
trators shall be written on pieces of paper and placed in a 
box or glass, and the three whose names are first drawn out 
(a) [Any other securities upon which it is proposed the funds. 
should be invested should here he specified.]